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EducationWhich Level Are You in Property Investment?
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A SelectSmart.com Education Selector by Vincent, created January 2010. This quiz has been designed to identify what type of a property investor you are. Disclaimer.
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1. I find it quite easy to find property deals.
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2. The best deals come from negotiating through estate agents.
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3. I buy or generate leads from sellers who need to sell quickly.
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4. In order for me to buy an investment property, I need to have money for a deposit.
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5. I can get a good discount from new built or off-plan developers.
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6. I own at least two investment properties.
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7. In order for me to make a profit from property, I must wait for prices to go up and sell to make a profit.
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8. If I'm not eligible for a mortgage, I can't invest in property.
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9. If I know property prices will go up, I don't mind subsidising any rental shortfall in the meantime as long as it's only small.
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10. If I get a mortgage to buy a property, the property is in my ownership as long as my name is on the title deed.
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11. It's too late to get into the property market because people have already made their money and prices are too high.
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12. Using lease options is a good way of investing in property.
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13. To get the best property deals, it is necessary to negotiate directly with motivated sellers.
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14. I don't like negotiating prices with people.
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15. I don't like selling because generally I don't like being sold to.
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16. When I negotiate, I need to do most of the talking in order to control the conversation.
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17. You rarely find sellers who would give you 30% discount for their properties.
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18. If your offer is too low, the estate agent might not pass it on to the seller.
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19. I know what it means by "flipping" a deal.
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20. I am a cash buyer.
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21. If I want to do property deals, I need to become good at marketing.
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22. I should pay off the mortgage on my investment property as quickly as possible.
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23. The more money I put down to buy a property the better because it is less risky.
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24. It's a good idea to manage all my properties myself.
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